NZ house value growth moderates in April as investor activity drops, QV says

Tue, 01 May 2018

By Sophie Boot May 2 (BusinessDesk) - New Zealand house value growth slowed in April in urban centres as investor activity dropped and the market heads into winter, according to state-owned valuer Quotable Value. Residential property values nationwide increased 7.6 percent year-on-year in April, and were up 1.1 percent for the previous three months, to an average $679,000, QV said. In the Auckland region, which has led gains in house prices over the past five years, prices rose 0.8 percent on an annual basis and dropped 0.3 percent on a q...

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